Intermarket spread refers to the variation in price of a particular contract across different exchanges. This difference can arise due to various factors such as market demand, supply, and trading volume. It is an important concept to understand in the world of finance, as it can have a significant impact on trading strategies and profitability. Therefore, as a knowledgeable professor, it is crucial to have a clear understanding of this term and its implications. Let's delve deeper into the concept of intermarket spread and its significance in the financial market.